This property looks like a bad Long-Term investment with a projected -10.86% first-year return on $72,135 initial cash invested.
-10.86%
Cash On Cash
4.68%
Cap Rate
0.71
DSCR
$1,959
Rent
-$653
Cashflow
Cash Flow
$1,959 income − $2,612 expenses = $653 out of pocket
Investment Breakdown
|
Purchase Price
$344k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$72,135
Downpayment
20%
$68,700
Closing costs
1%
$3,435
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,959
Total Expenses
$2,612
Mortgage P&I
97%
$1,894
Property Taxes
4%
$86
Home Insurance
6%
$122
HOA
0%
$0
Property Management
10%
$196
CapEx
5%
$98
Vacancy
6%
$118
Maintenance
5%
$98
Other
0%
$0